Root Insurance Results

Written By Ron Arnold

Root Insurance has announced its full-year 2020 results. Some EOY metrics like premium growth, customer numbers and loss ratio have improved. Root recorded a full year net loss for 2020 of $363 million and reported total policies in force of 323,000. Shares fell about 8% in trading after the stock market closed below $15 ~ 44% below its IPO price of $27. Market Capitalisation as at COB Friday was US$3.38bn Read more

Source: Coverager

Ron Arnold
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